focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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this company promises alot & continues to do so but delivering on them is another story. Might be preparing itself for a take out by a bigger fish.
2014 – The Great Irish Share Valuation Project (Part II) I take a look at IFG Group, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/02/13/2014-the-great-irish-share-valuation-project-part-ii/ Cheers, Wexboy
This share has been as dull as dike water for 2013 but if no bad surprises in Tuesdays interims could easy do 10-20% before. XMAS just my opinion DYOR
2013 – The Great Irish Share Valuation Project (Part XI) I take a look at IFG Group, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2013/04/24/2013-the-great-irish-share-valuation-project-part-xi/ Cheers, Wexboy
last trade...
Valuation: Significant discount to wealth managers The small changes to our estimates have a minimal effect on valuations. Our Gordon’s growth model indicates a value of 149c (119p), unchanged as the quantum of the buy-back is as expected, and the cash flow model Is also 149c. Peer valuations are c 10% above this level.
Valuation: Significant discount to wealth managers We reinitiate our forecasts for IFG in this note. These incorporate the recent strategic changes at IFG and short-term drivers highlighted above. We use a range of valuation approaches. Most UK wealth managers trade on a 2013 P/E of 12-13x and they now constitute the best peer group for IFG. IFG is on a similar 2013 multiple, but we believe it may see a re-rating if the market values the anticipated 2014 growth. Our Gordon’s growth model indicates a value of 119p (€1.50), while the cash-flow model is 122p (€1.54)
http://www.edisoninvestmentresearch.co.uk/researchreports/IFG210912outlook.pdf
IFG Group, the Dublin-based pensions adviser and administration company, saw Non-Executive Director Peter Priestley buy 70,000 shares in the company on Friday. He bought the shares at a price of €1.34 each (around 108p) for a total of £75,544. The company said that the director is indirectly interested in 825,545 ordinary shares, equal to a 0.71% stake in the country.
http://www.edisoninvestmentresearch.co.uk/researchreports/IFG130612update.pdf
Group Performance The Group is performing well amid continued uncertainty globally and weak market conditions. Despite the ongoing challenges posed by the current market, the Group is strategically focussed, financially sound and continuing to make progress. On 29th March, we announced that we had signed an agreement for the sale of the entire International Division (Segment) to AnaCap Financial Partners II LP for £70m (€88m). The agreement for sale is subject to the Shareholders approval and regulatory consent. The regulatory process is underway and the circular is being prepared and will issue in order to allow shareholders to vote in advance of the AGM. We believe that there is a compelling strategic logic for this transaction as it provides financial flexibility and a clearly focused advisory and administration business in the UK and Ireland.
Financial Management The Group is in a strong financial position. The receipt of the International sale proceeds will transform our business giving us significant optionality. As a Group we are now considering further investment in our core business, substantially reducing gross debt and the opportunity of returning cash to shareholders. We will continue to invest in our core Advisory and Administration Business. Our balance sheet strength, proven management team and recognised brands give us a unique opportunity to develop our business
IFG Group plc - Interim Management Statement 18 May 2012 Highlights: · James Hay Partnership making clear progress in distribution, sales and marketing and service delivery. · Total number of SIPPs under administration of 37,956 at end April 2012 · Saunderson House revenue and profit ahead of prior year period; 43 new client wins · Agreement to dispose of the International Division to AnaCap Partners for £70m (€88m) · Financial position further strengthened as net debt insignificant and balance sheet to be further strengthened by proceeds from sale of International business. IFG Group plc, the leading provider of bespoke SIPPs (self-invested personal pensions) and un-conflicted and fee based Financial Advice in the UK and Ireland issues the following update covering its business year to date.
http://www.investegate.co.uk/Article.aspx?id=201205180700146225D
Hi folks, Just posted Part III of The Great Irish Share Valuation Project on my blog. I'm setting a Fair Value Price Target for every listed Irish company. So far I've valued almost 3 dozen companies, including IFG Group: http://wexboy.wordpress.com/2012/01/30/the-great-irish-share-valuation-project-iii/ I hope you'll take a look (plse don't hesitate to comment/email me), and perhaps become a regular reader. Cheers, Wexboy
I was ment to write
You seem to be in every stock that is preforming have you any furure tips? Bunny
well done to those that were already holding and gained from the initial mark up this morning. You had to be a current investor to benefit
Possible Offer Announcement The Board of IFG Group plc ("IFG" or the "Company"), the leading provider of bespoke SIPPs (self invested personal pensions) in the UK and a leading provider of international corporate trustee services, confirms that it has received an approach which may or may not lead to an offer to acquire the entire issued and to be issued share capital of the Company. Shareholders should note however, that the approach is preliminary in nature and is subject to a number of conditions. Accordingly, no assurances can be given that a formal offer will be forthcoming or that any transaction will occur. Further announcements will be made as appropriate.